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Proto Labs ( (PRLB) ) has provided an announcement.
Protolabs announced a new $100 million stock repurchase program on February 7, 2025, highlighting its strategic initiative to enhance shareholder value. The company reported a slight decrease in revenue for 2024 compared to 2023, but showed improvements in gross margins and cash flow, reflecting its ongoing transformation efforts and focus on expanding production capabilities.
More about Proto Labs
Protolabs is the world’s leading provider of digital manufacturing services, offering comprehensive solutions from prototyping to production. The company focuses on utilizing its digital factories to produce low-volume, custom parts quickly, catering to various industries needing rapid manufacturing solutions.
YTD Price Performance: 14.55%
Average Trading Volume: 246,667
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.09B
For detailed information about PRLB stock, go to TipRanks’ Stock Analysis page.
